February 03, 2012 10:23
The ruling Grand National Party on Thursday decided to change its name to "Saenuri" (new world). The old name thus vanishes into history 14 years and three months after the party was founded on Nov. 21, 1997.
The party's emergency council decided to put the decision to a vote at a national committee session on Feb. 13 before registering the new name with the National Election Commission.
"Saenuri is a compound word from words 'sae' (new) and 'nuri' (world) that is bigger than a nation. As a whole, it means a new world or a new country," spokesman Hwang Young-chul said.
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